First Mover Asia: Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick

First Mover Asia: Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick

Good morning. Here’s what’s happening this morning:

Market moves: Bitcoin continues to drift below $60,000 as Biden tees up his pick for Federal Reserve chair.

Technician’s take: Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.